Financial – Actuarial Consultant

Role Overview

• Project client claim data to develop budgets, calculate client rates, benefit costs, and IBNR reserves.
• Review experience reporting for accuracy.
• Collaborate with consultants and account teams to prepare and deliver client financial presentations.
• Assess complex client risk, understanding the strategic implications of the competitive carrier/product marketplace, and make sound underwriting-based assumptions.
• Manage and oversight of underwriting support team.
• Renew and market carriers for assigned book of business.
• Analyze / negotiate annual renewals and proposals from carriers for accuracy and financial reasonableness.
• Analyze client demographics and other data to determine risk and appropriate carrier product solutions.
• Assist with product/service quality improvement initiatives as needed.
• Assists service team in educating clients regarding utilization, carrier reports, and third party vendor applications used to view claims and financial data.
• Educates service team regarding experience reporting, utilization, carrier reports, self-funding options, etc.

Requirements

• Bachelor’s degree required.
• Minimum of seven years’ experience performing financial analysis at a benefits consulting or brokerage firm, or comparable experience with an insurance carrier, or TPA.
• Must have advanced working knowledge of a variety of Microsoft Office computer software applications to include Windows, Outlook, Word, PowerPoint, and Excel.
• Must be able to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands.
• Must have a high level of interpersonal skills to handle sensitive and confidential situations. The position continually requires teamwork, responsiveness, demonstrated poise, tact, and diplomacy.
• Must be comfortable presenting analysis directly to clients.

Benefits

• Salary is based on background and experience.
• Full medical, pharmacy, dental, vision, life and disability insurance.
• Paid vacation.
• Sick leave.
• 401k match.
• Annual bonus potential.
• Generous Paid Time off.
• Managed PTO for salaried/exempt employees (personal time off without accruals or caps); 22 PTO days starting out for hourly/non-exempt employees; 12 company-observed paid holidays; 4 early-close days.
• Generous leave time options: Paid parental leave, pregnancy disability and bonding leave, and organ donor/bone marrow donor leave.
• Generous employee referral bonus program of $1,500 per hired referral.
• Employee recognition programs for demonstrating EPIC’s values plus additional employee recognition awards and programs (and trips!).
• Employee Resource Groups: Women’s Coalition, EPIC Veterans Group.
• Professional growth & development: Mentorship Program, Tuition Reimbursement Program, Leadership Development.
• Unique benefits such as Pet Insurance, Identity Theft & Fraud Protection Coverage, Legal Planning, Family Planning, and Menopause & Midlife Support.
• Additional benefits include (but are not limited to): 401(k) matching, medical insurance, dental insurance, vision insurance, and wellness & employee assistance programs.
• 50/50 Work Culture: EPIC fosters a 50/50 culture between producers and the rest of the business, supporting collaboration, teamwork, and an inclusive work environment. It takes both production and service to be EPIC!
• EPIC Gives Back – Some of our charitable efforts include Donation Connection, Employee Assistance Fund, and People First Foundation.
• We’re in the top 10 of property/casualty agencies according to “Insurance Journal”.